Zacks Investment Research Downgrades LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) to Hold

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports. They currently have a $181.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 13.17% from the stock’s current price.

According to Zacks, “LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the production and sale of prestigious luxury goods under world-famous brand names. The five different sectors in which the Company operates are: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective retailing. The company has expanded its international retail network all over the world. LVMH Moet Hennessy Louis Vuitton is headquartered in Paris, France. “

LVMUY has been the topic of several other reports. Citigroup initiated coverage on LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research report on Monday, March 8th. They set a “buy” rating on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a report on Wednesday, April 14th. UBS Group reissued a “buy” rating on shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research note on Wednesday, April 14th. Morgan Stanley reissued an “overweight” rating on shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a report on Wednesday, April 14th. Finally, Berenberg Bank reiterated a “buy” rating on shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research report on Thursday, April 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $390.50.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne stock opened at $159.93 on Wednesday. The firm has a market capitalization of $403.63 billion, a P/E ratio of 75.08 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a one year low of $83.00 and a one year high of $162.27. The firm has a fifty day simple moving average of $151.59.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury products company. The company offers champagnes, wines, and spirits under the Ao Yun, Ardbeg, Belvedere, Bodega Numanthia, Cape Mentelle, Chandon, Château Cheval Blanc, Château d'Yquem, Cheval des Andes, Clos des Lambrays, Clos19, Cloudy Bay, Dom Pérignon, Glenmorangie, Hennessy, Krug, Mercier, Moët & Chandon, Newton, Vineyard, Ruinart, Terrazas de los Andes, Veuve Clicquot, Volcan de mi Tierra, and Woodinville brands.

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Analyst Recommendations for LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCMKTS:LVMUY)

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